GAFA

The group of big tech companies, commonly lumped together by European agencies, who challenge privacy rights, intellectual property rights, and monopoly with a belief that competition undermines the pursuit of the common good.

It is an acronym seen in texting, online chat, instant messaging, e-mail, blogs, newsgroup postings, and social media.

Historical perspective: As of early 2020, Alphabet (parent company of Google), Apple, Facebook, Amazon, and including Microsoft made a combined $55.2 billion in net profits in the most recent quarter. The next five most valuable tech companies made roughly $45.5 billion in their four most recent quarters. 

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